MarkWest Energy Partners, L.P.
Calculation of Earnings to Fixed Charges
(Dollar amounts in thousands)
| | Year ended December 31, | Quarter Ended March 31, | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||
| Fixed Charges | 17,192 | 34,080 | 54,153 | 49,191 | 86,559 | 25,119 | ||||||||
| Earnings | 22,942 | 28,221 | 122,690 | (7,299 | ) | 352,140 | (18,317 | ) | ||||||
| Add: | ||||||||||||||
| (a) Pre-tax income from continuing operations | 6,490 | (8,515 | ) | 74,498 | (59,155 | ) | 273,602 | (39,007 | ) | |||||
| (b) Fixed charges | 17,192 | 34,080 | 54,153 | 49,191 | 86,559 | 25,119 | ||||||||
| (c) Amortization of capitalized interest | 53 | 195 | 255 | 478 | 1,110 | 359 | ||||||||
| (d) Distributed income of equity investees | — | 2,441 | — | 10,840 | 445 | — | ||||||||
| (e) Share of pre-tax losses (earnings) of equity investees | — | 2,153 | (5,316 | ) | (5,309 | ) | (90 | ) | 105 | |||||
| Subtract | ||||||||||||||
| (a) Interest capitalized | (793 | ) | (2,133 | ) | (900 | ) | (3,344 | ) | (9,486 | ) | (4,893 | ) | ||
| Equals Earnings | 22,942 | 28,221 | 122,690 | (7,299 | ) | 352,140 | (18,317 | ) | ||||||
| Ratio | 1.33 | 0.83 | 2.27 | (0.15 | ) | 4.07 | (0.73 | ) | ||||||
